Vinva Investment Management Ltd Increases Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Vinva Investment Management Ltd grew its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 173.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 131,553 shares of the business services provider’s stock after buying an additional 83,371 shares during the quarter. Booz Allen Hamilton accounts for about 0.7% of Vinva Investment Management Ltd’s portfolio, making the stock its 27th biggest position. Vinva Investment Management Ltd’s holdings in Booz Allen Hamilton were worth $17,045,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC boosted its holdings in shares of Booz Allen Hamilton by 5.5% in the third quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider’s stock worth $271,000 after buying an additional 86 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after buying an additional 59 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Booz Allen Hamilton by 7.1% in the third quarter. Metis Global Partners LLC now owns 2,474 shares of the business services provider’s stock worth $403,000 after buying an additional 163 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Booz Allen Hamilton by 5.4% in the third quarter. CIBC Asset Management Inc now owns 4,688 shares of the business services provider’s stock worth $763,000 after buying an additional 240 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Booz Allen Hamilton by 23.5% in the third quarter. Empowered Funds LLC now owns 16,675 shares of the business services provider’s stock worth $2,714,000 after buying an additional 3,177 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BAH shares. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. TD Cowen decreased their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. Finally, Truist Financial reduced their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $158.27.

Booz Allen Hamilton Trading Up 1.0 %

Shares of BAH opened at $116.52 on Wednesday. The company’s fifty day moving average is $122.83 and its 200 day moving average is $142.96. Booz Allen Hamilton Holding Co. has a fifty-two week low of $101.82 and a fifty-two week high of $190.59. The stock has a market capitalization of $14.76 billion, a PE ratio of 17.37, a P/E/G ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is currently 32.79%.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.